Global demand to increase 8.5% annually through 2014 Global demand for ball, roller and plain bearings is expected to increase 8.5 percent per year through 2014 to $76 billion. Market gains will be supported by ongoing economic growth and improved fixed investment environments in many of the world’s developed countries. In addition, manufacturing output and motor vehicle production will both improve from the performance registere...
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Global demand to increase 8.5% annually through 2014
Global demand for ball, roller and plain bearings is expected to increase 8.5 percent per year through 2014 to $76 billion. Market gains will be supported by ongoing economic growth and improved fixed investment environments in many of the world’s developed countries. In addition, manufacturing output and motor vehicle production will both improve from the performance registered during the 2004-2009 period, as countries around the world rebound from the economic downturn of 2009. Advances in aftermarket sales will be restrained to some degree as improved product designs, better-quality materials and better lubricants lead to longer lasting bearing products. This trend will be counterbalanced by growing demand for more expensive, technologicallyadvanced bearing products, such as custom manufactured, large-diameter bearings used in wind turbines.
Asia/Pacific region to post strongest sales growth
The Asia/Pacific region will post the strongest sales growth in the world through 2014, led by healthy 12.0 percent yearly demand increases in China. Gains will be supported by the country’s ongoing industrialization and growing manufacturing output. China became the world’s largest manufacturer of motor vehicles in 2009, which will certainly provide bearing producers with important new sales opportunities as output continues to climb. China will account for nearly one-half of all additional bearing demand through 2014, and by 2019 the country is forecast to have a bearing market larger than that of North America, Western Europe and Japan combined. Historically, advances in bearing demand in the developed areas of the US, Western Europe and Japan have been much slower than in the developing world. However, this will not be the case through 2014, as bearing demand in developed countries bounces back following the slump in durables manufacturing that hit between 2007 and 2009. Growth will be supported largely by solid recovery in motor vehicle manufacturing and accelerating growth in durable goods manufacturing output. Furthermore, manufacturers in developed countries are generally more likely to possess the technological expertise to produce high-value, technologically advanced bearing products than developing world suppliers. In addition, the large numbers of bearing-containing equipment in use will help bolster aftermarket bearing demand.
Unmounted roller bearings to record strongest gains
In 2009, unmounted roller bearings surpassed unmounted ball bearings to become the largest segment of the world bearing market in value terms (ball bearings continue to account for the largest share of sales in unit terms). Unmounted roller bearings will also record the strongest gains of any product through 2014, driven by performance advantages and increased output of motor vehicles, construction and mining machinery, conveyors, machine tools and wind turbines. Growth in demand for other types of bearing products -- which include ball bearings, plain bearings, mounted or combined bearings and bearing parts -- will not be far behind the pace expected for roller bearings. The slowest advances through 2014 will be registered by ball bearings, sales of which are still forecast to increase 7.8 percent annually.
Study coverage
This new industry study presents historical demand data (1999, 2004 and 2009) plus forecasts for 2014 and 2019 by product, market, world region and for 30 major national markets. The study also assesses key market environment factors, evaluates company market share data and profiles 36 competitors in the worldwide industry.
Global Industrial Equipment Industry
INTRODUCTION xi
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 7
World Gross Fixed Investment Outlook 11
World Manufacturing Outlook 14
World Motor Vehicle Production Trends 17
World Aerospace Equipment Production Trends 21
Pricing Patterns 24
Bearing Materials & Technology 27
Bearing Materials 28
Recent Technological Developments 30
Competitive Technologies 32
Legal & Regulatory Environment 34
III. WORLD SUPPLY & DEMAND 39
General 39
Regional Overview 40
Demand 41
Production 46
International Trade 49
Demand by Product 51
Roller Bearings 54
Ball Bearings 56
Plain Bearings 58
Other Bearings & Bearing Parts 60
Mounted & Combined Ball/Roller Bearings 62
Bearing Parts 64
Demand by Market 65
Motor Vehicles 67
Machinery 70
Other 72
Aerospace Equipment 75
All Other 75
IV. NORTH AMERICA 77
General 77
Bearing Supply & Demand 78
Bearing Outlook & Suppliers 80
United States 82
Canada 89
Mexico 94
V. WESTERN EUROPE 100
General 100
Bearing Supply & Demand 101
Bearing Outlook & Suppliers 103
Germany 105
France 110
Italy 115
United Kingdom 120
Spain 125
Sweden 130
Other Western Europe 135
Belgium 142
Netherlands 142
Switzerland 143
Austria 144
All Other 145
VI. ASIA/PACIFIC 147
General 147
Bearing Supply & Demand 148
Bearing Outlook & Suppliers 151
China 153
Japan 160
South Korea 166
India 171
Thailand 176
Taiwan 181
Indonesia 186
Other Asia/Pacific 191
Australia 198
Malaysia 199
All Other 199
VII. OTHER REGIONS 201
Central & South America 201
Bearing Supply & Demand 202
Bearing Outlook & Suppliers 205
Brazil 207
Other Central & South America 212
Argentina 218
All Other 219
Eastern Europe 220
Bearing Supply & Demand 221
Bearing Outlook & Suppliers 224
Russia 226
Other Eastern Europe 231
Czech Republic 238
Poland 238
Romania 240
All Other 240
Africa/Mideast 241
Bearing Supply & Demand 243
Bearing Outlook & Suppliers 245
Bearing Supply & Demand by Country 247
Turkey 248
South Africa 249
Other Africa/Mideast 250
VIII. INDUSTRY STRUCTURE 252
General 252
Industry Composition 253
Market Share 256
SKF 256
Schaeffler 257
NSK 257
JTEKT 258
NTN 258
Timken 259
Other Leading Suppliers 259
Product Development & Manufacturing 259
Marketing & Distribution 261
Cooperative Agreements 263
Financial Requirements 271
Company Profiles 273
Advanced Bearing Materials, see Miba & Rheinmetall
Advanced Green Components, see Timken
BBL Daido, see Daido Metal
Bosch (Robert) GmbH 274
C&U Group Company Limited 277
CoLinx, see Schaeffler, SKF and Timken
Cooper Split Roller Bearing, see Kaydon
Daido Metal Company Limited 279
Dalian Koyo Wazhou Automobile Bearing, see JTEKT
and Wafangdian Bearing
Dalian SKF Wazhou Bearings, see SKF and Wafangdian
Bearing
Danaher Corporation 282
Emerson Electric Company 284
Endorsia.com International, see Schaeffler and Timken
EnPro Industries Incorporated 287
European Bearing Corporation 291
Federal-Mogul Corporation 293
GGB Bearing Technology, see EnPro Industries
GKN plc 297
Harbin Bearing Group Company 299
Harsha Engineers Limited 300
HHI Group Holdings LLC 301
Iljin Group 302
Industrial Tectonics, see Kaydon
International Components Supply, see SKF and Timken
JTEKT Corporation 304
Kaydon Corporation 311
Kolbenschmidt Pierburg, see Rheinmetall
Koyo of USA, see JTEKT
Kyklos Bearing International, see HHI Group
Lubron Bearings Systems, see RBC Bearings
Luoyang LYC Bearing Company Limited 315
MAHLE International GmbH 317
Miba AG 319
Minebea Company Limited 321
MPB, see Timken
MRC Bearings, see SKF
Nachi-Fujikoshi Limited 325
National Engineering Industries Limited 328
New Hampshire Ball Bearings, see Minebea Company
NN Incorporated 329
NSK Limited 332
NTN Corporation 340
Oiles Corporation 347
Peer Bearing, see SKF
RBC Bearings Incorporated 349
Rexnord LLC 353
Rheinmetall AG 356
Rothe Erde, see ThyssenKrupp
Samara Bearing Plant Joint Stock Company 358
Schaeffler KG 359
Shafer, see Rexnord
SKF AB 365
SNFA, see SKF
SNR Roulements, see NTN
THK Company Limited 374
Thomson Industries, see Danaher
ThyssenKrupp AG 377
Timken Company 380
Tuflite Composite Bearings, see Rexnord
Wafangdian Bearing Group Corporation 387
Wanxiang Qianchao Company Limited 389
WM Berg, see Rexnord
Other Companies Mentioned in Study 391
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 11
2 World Gross Fixed Investment by Region 14
3 World Manufacturing Value Added by Region 16
4 World Motor Vehicle Production by Type & Region 20
5 World Aerospace Equipment Shipments by Region 24
6 World Bearing Price Deflators 26
SECTION III -- WORLD SUPPLY & DEMAND
1 World Bearing Demand by Region 43
2 World Bearing Shipments by Region 48
3 World Net Exports by Region 51
4 World Bearing Demand by Product 53
5 World Roller Bearing Demand by Region 55
6 World Ball Bearing Demand by Region 58
7 World Plain Bearing Demand by Region 60
8 World Demand For Other Bearings & Bearing Parts
by Product & Region 62
9 World Bearing Demand by Market 66
10 World Motor Vehicle Bearing Demand
by Application & Region 69
11 World Machinery Bearing Demand by Region 72
12 World Other Bearing Demand by Market & Region 74
SECTION IV -- NORTH AMERICA
1 North America: Bearing Supply & Demand 79
2 North America: Bearing Demand by Product & Market 82
3 United States: Bearing Supply & Demand 86
4 United States: Bearing Demand by Product & Market 89
5 Canada Bearing: Supply & Demand 92
6 Canada Bearing: Demand by Product & Market 94
7 Mexico Bearing: Supply & Demand 97
8 Mexico Bearing: Demand by Product & Market 99
SECTION V -- WESTERN EUROPE
1 Western Europe: Bearing Supply & Demand 102
2 Western Europe: Bearing Demand by Product & Market 105
3 Germany: Bearing Supply & Demand 108
4 Germany: Bearing Demand by Product & Market 110
5 France: Bearing Supply & Demand 113
6 France: Bearing Demand by Product & Market 115
7 Italy: Bearing Supply & Demand 118
8 Italy: Bearing Demand by Product & Market 120
9 United Kingdom: Bearing Supply & Demand 123
10 United Kingdom: Bearing Demand by Product & Market 125
11 Spain: Bearing Supply & Demand 128
12 Spain: Bearing Demand by Product & Market 130
13 Sweden: Bearing Supply & Demand 133
14 Sweden: Bearing Demand by Product & Market 135
15 Other Western Europe: Bearing Supply & Demand 138
16 Other Western Europe: Bearing Demand by Product & Market 140
17 Other Western Europe: Bearing Supply & Demand by Country 141
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Bearing Supply & Demand 150
2 Asia/Pacific: Bearing Demand by Product & Market 153
3 China: Bearing Supply & Demand 157
4 China: Bearing Demand by Product & Market 160
5 Japan: Bearing Supply & Demand 163
6 Japan: Bearing Demand by Product & Market 166
7 South: Korea Bearing Supply & Demand 169
8 South Korea Bearing Demand by Product & Market 171
9 India: Bearing Supply & Demand 174
10 India: Bearing Demand by Product & Market 176
11 Thailand: Bearing Supply & Demand 179
12 Thailand: Bearing Demand by Product & Market 181
13 Taiwan: Bearing Supply & Demand 184
14 Taiwan: Bearing Demand by Product & Market 186
15 Indonesia: Bearing Supply & Demand 189
16 Indonesia: Bearing Demand by Product & Market 191
17 Other Asia/Pacific: Bearing Supply & Demand 194
18 Other Asia/Pacific: Bearing Demand by Product & Market 196
19 Other Asia/Pacific: Bearing Supply & Demand by Country 197
SECTION VII -- OTHER REGIONS
1 Central & South America: Bearing Supply & Demand 204
2 Central & South America: Bearing Demand
by Product & Market 207
3 Brazil: Bearing Supply & Demand 210
4 Brazil: Bearing Demand by Product & Market 212
5 Other Central & South America: Bearing Supply & Demand 215
6 Other Central & South America: Bearing Demand
by Product & Market 217
7 Other Central & South America:
Bearing Supply & Demand by Country 218
8 Eastern Europe: Bearing Supply & Demand 223
9 Eastern Europe: Bearing Demand by Product & Market 226
10 Russia: Bearing Supply & Demand 229
11 Russia: Bearing Demand by Product & Market 231
12 Other Eastern Europe: Bearing Supply & Demand 234
13 Other Eastern Europe: Bearing Demand by Product & Market 236
14 Other Eastern Europe:
Bearing Supply & Demand by Country 237
15 Africa/Mideast: Bearing Supply & Demand 244
16 Africa/Mideast: Bearing Demand by Product & Market 247
17 Africa/Mideast: Bearing Supply & Demand by Country 248
SECTION VIII -- INDUSTRY STRUCTURE
1 Bearing Sales for Selected Manufacturers, 2009 255
2 Selected Cooperative Agreements 266
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 World Manufacturing Value Added by Region, 2009 17
2 World Bearing Pricing, 1999-2019 27
SECTION III -- WORLD SUPPLY & DEMAND
1 World Bearing Demand by Region, 2009 44
2 Additional Bearing Demand, 2009 to 2014 44
3 World Bearing Demand Projected 2009-2014 Annual Rate of
Growth 45
4 World Bearing Shipments by Region, 2009 49
5 World Bearing Demand by Product, 2009 53
6 World Bearing Demand by Market, 2009 66
SECTION IV -- NORTH AMERICA
1 North America: Bearing Demand by Country, 2009 80
SECTION V -- WESTERN EUROPE
1 Western Europe: Bearing Demand by Country, 2009 103
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Bearing Demand by Country, 2009 151
SECTION VII -- OTHER REGIONS
1 Central & South America:
Bearing Demand by Country, 2009 205
2 Eastern Europe: Bearing Demand by Country, 2009 224
3 Africa/Mideast: Bearing Demand by Country, 2009 245
SECTION VIII -- INDUSTRY STRUCTURE
1 World Bearing Market Share by Company, 2009 256
